Cryptocurrency Litecoin is traded at 54 and continues to move in the framework of the correction and the descending channel. LTC/USD quotes move below the lower boundary of the cloud of the technical indicator ICHIMOKU Kinko HYO. This indicates the presence of a bearish trend in cryptocurrency. As part of the forecast of the Litecoin course on September 2, 2022. An attempt to develop correction and the upper boundary of the cloud of Ichimoku Kinko Hyo indicator are expected at the level of 55. Where it is worthwhile to expect a rebound down and an attempt to continue the fall of the LTC/USD asset with a goal below level 45.
Litecoin Forecast and Analysis September 2, 2022
An additional signal in favor of reducing Litecoin cryptocurrency in the markets will be a resistance area test in the schedule of cryptocurrency price. The second signal in favor of this scenario will be a rebound from the upper boundary of the bear canal. Previously, a strong signal for Litecoin cryptocurrency sales was received. The signal was formed due to the intersection of signal lines at 55. The nearest Litecoin resistance area on the cryptocurrency schedule is located at 57. The LTC/USD support area is located at 50.
The cancellation of the option of reducing the cryptocurrency of Litecoin will be a strong growth and breakdown of the upper boundary of the ICHIMOKU Kinko HYO cloud and closing above 60. This option will indicate a change in a bear’s trend in favor of a bull tendency and continuing the growth of cryptocurrency. Expect acceleration of the fall of quotations LTC/USD is with a breakdown of the support area and closing prices at a level of 50.
Litecoin Forecast and Analysis September 2, 2022 involves an attempt to correct cryptocurrency and a level of level 55. Where to continue the fall in the Litecoin course with a potential target near the level of 45. The abolition of the decrease option will be a strong growth and breakdown of the area 60. which will indicate that it will indicate to continue the rise of cryptocurrencies with a goal above the level of 70.
